This is the first big ticket share sale and first offer for sale (OFS) of the government in current fiscal.If fully subscribed, a three per cent Coal India (CIL) stake sale will fetch Rs 5,000 crore to the exchequer.

The story of Coal India Ltd's (CIL) transformation from a hugely loss-making enterprise since its formation in the 70s into a profitable Maharatna PSU is told by its former chairman Partha Sarathi Bhattacharyya, who was among those who engineered the success.